More Than Half of Americans Say They'll Need Over $5,000 a Month in Retirement. Is That Sufficient?

Only 24% expect a state pension to fund retirement, leaving most workers reliant on savings, investments, and income. (Credit: Photo Credit: Freepik)

For many workers, retirement is becoming harder to picture. A survey by Kickresume of 1,294 people found that 54% want to retire before 60. Only 28% expect to achieve that goal. The average ideal retirement age is 58, while the average expected age is 62.

Americans Want to Retire Early, but Expect to Work Longer